CONTRACT OF ANTICHRESIS

KNOW ALL MEN BY THESE PRESENTS:

This AGREEMENT, made and entered by and between:

[CLICK AND TYPE NAME OF FIRST PARTY] , of legal age, [civil status] ,
Filipino, and a resident of [Address] , hereinafter referred to as the FIRST
PARTY; and [CLICK AND TYPE NAME OF SECOND PARTY] , likewise of
legal age, [civil status] , Filipino, and a resident of [Address] , hereinafter
referred to as the SECOND PARTY;

WITNESSETH:

WHEREAS, the FIRST PARTY are indebted unto the SECOND PARTY in the
amount of [AMOUNT IN WORDS] PESOS (P[Number] ), Philippine Currency, which
had been due and payable since [Date] , as evidenced by an Promissory Note,
identified as Doc. No. [Number] ; Page No. [Number] ; Book No. [Number] ; Series of
[Year] of the Notarial Registry Book of Notary Public [Name of Notary Public] of
[Town, Province] and the agreed interest of said indebtedness shall be the fruits of
the [Number] ([Number] ) mango trees, which are planted over that parcel of
agricultural land owned by the FIRST PARTY situated at [Town, Province] , containing
an area of [Number] square meters, more or less, and covered by [Original/Transfer]
Certificate of Title No. [Number] of the Registry of Deeds for the Province of
[Province] ;

WHEREAS, as of this date, the total amount of indebtedness of the FIRST

PARTY unto the SECOND PARTY is in the amount of [AMOUNT IN WORDS] PESOS
(P[Number] ), Philippine Currency;

WHEREAS, the FIRST PARTY were not able to pay the aforecited amount of
indebtedness and to be able to do so, they hereby agree to permit and allow the
SECOND PARTY to take physical possession and enjoyment over the afore-described
parcel of agricultural land;

WHEREAS, in view hereof, the SECOND PARTY shall have the right to cultivate
and receive the fruits of the [Number] ([Number] ) mango trees planted on the
above-described parcel of land, within a period of [Number] ([Number] ) years from
the date of execution of this agreement and as such, the total net market value fruits
obtained or harvested over the above-described parcel of land shall be applied as
payment of agreed interest of the aforecited amount of indebtedness of the FIRST
PARTY;

PROVIDED, HOWEVER, after the agreed period of physical possession, that is,
within a period of [Number] ([Number] ) years, the FIRST PARTY shall fully pay the
aforecited amount of indebtedness unto the SECOND PARTY and the latter shall
revert physical possession over the above-described parcel of land unto the FIRST
PARTY, without prejudice to the SECOND PARTY to avail themselves of the other
remedies provided for by existing laws to collect any remaining balance from the
date physical possession over the subject parcel of land had been reacquired by the
FIRST PARTY;

WHEREAS, all taxes and other charges upon the above-described parcel of land
shall be religiously paid by the FIRST PARTY.

IN WITNESS WHEREOF, both parties have hereunto set their hands this
5/23/23 day of May, 2023 at [Town, Province] .

[FIRST PARTY] [SECOND PARTY]

First Party
ID Card No. [Number] ;
Issued on [Date] at [Place] ;
CTC No. [Number] ;
Issued on [Date] at [Place]
Second Party
ID Card No. [Number] ;
Issued on [Date] at [Place] ;
CTC No. [Number] ;
Issued on [Date] at [Place]

SIGNED IN THE PRESENCE OF:__________________ & _________________

REPUBLIC OF THE PHILIPPINES)

PROVINCE OF [PROVINCE] )S.S.
CITY/MUN. OF [TOWN] )
x------------------------x

BEFORE ME, a Notary Public, for and in the Municipality/City of [Town] ,

Province of [Province] , personally appeared [FIRST PARTY] and [SECOND PARTY] ,
who are known to me and to me known to be the same persons who executed the
foregoing instrument and acknowledged under oath that the same is their own free
will, voluntary act and deed.

WITNESS MY HAND AND SEAL on the date and place above-mentioned.

Doc. No. _________;

Page No. _________;
Book No. _________;
Series of 2023.